Equinor Plans To Begin Talks With Tanzania About LNG Project

Norway’s Equinor is ready to start talks with Tanzania on developing a LNG project based on a deepwater offshore discovery, the company said Dec. 4.

Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, said Equinor, a majority state-owned energy company formerly known as Statoil.

“Equinor will now proceed with our partner ExxonMobil with negotiations for a host government agreement,” an Equinor spokesman said in an email to Reuters.